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NGLs Week

NGLs Week Newsletter  

NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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US nonfuel use propylene supplies drop to lowest level since October

Houston, February 8, 2017 (PCW) -- US nonfuel use propylene inventories fell by 277,000 bbls (7.2%) to 3.547 million bbls, the sixth consecutive inventory draw, the Energy Department reported today. Propylene stocks have fallen by 900,000 bbls over the past four weeks, reaching their lowest level since Oct 2016, according to the department's Energy Information Administration. Meanwhile, Gulf Coast refinery utilization fell 1 percentage point last week to 86.2%. -- David Barry

US Nonfuel Use Propylene Inventories
000 bbl Current Week
Change
Percentage
change
Current week 3,547
Last week 3,824 -277 -7.2%
4 weeks ago 4,447 -900 -20.2%
Year ago 3,139 408 13.0%
52 week average 3,440 107 3.1%
Source: US Energy Information Administration

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